WeedLife News Network
Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
Class-action lawsuit launched against Canopy Cannabis over financial reporting Image Cannabis NewsJune 26, 2023 The lawsuit says the company admitted that it overstated revenue for its BioSteel subsidiary, causing investors economic loss. A B.C. investor has launched a class-action lawsuit against Canopy Growth Corp., one of Canada’s largest cannab
Missouri to be testing ground on plain Cannabis packaging Image Cannabis NewsJune 23, 2023 For decades, there's been a global movement urging "plain packaging" on tobacco products - or packaging with limited colors and frills - after numerous studies found it makes cigarettes less appealing to young people. Missouri will soon be a testing ground to
Anti-Cannabis group sues New York in effort to nullify Cannabis Legislation Image Cannabis NewsJune 23, 2023 The State of New York is now being sued by a collection of anti-cannabis campaign groups in an effort to force a rollback on legalization. On June 20th, a lawsuit was filed targeting the State of New York, its Governor Kathy Hochul, the Cann
Legal Weed sales in Minnesota expected to hit $1.5 Billion Image Cannabis NewsJune 23, 2023 The regulated cannabis market in Minnesota is expected to grow to more than $1,5 billion per year by the end of the decade, according to a projection from Vicente LLP. The regulated marijuana market in Minnesota is expected to grow to more than $1.5 billion
New York aims to crack down on 'unjust' illegal Cannabis Stores Image Cannabis NewsJune 23, 2023 Gov Kathy Hochul announced results of new enforcement actions to crack down on illegal cannabis shops in New York. Hochul said those stores are a barrier to creating a thriving and equitable cannabis industry. "They are driven by individuals who are fla
USA Cannabis industry in crisis Image Cannabis NewsJune 23, 2023 A new report from Whitney Economics Report has found that only 24.4% of U.S. cannabis businesses are profitable. Whitney Economics, a cannabis economics data, consulting and research firm, has published its second annual Cannabis Operator Sentiment and Business Conditions survey repor
Industrial hemp prospects light up in tropics Image Cannabis NewsJune 21, 2023 THE potential to grow industrial hemp in the tropics is showing promise, with the second year of field trials flourishing at Kununurra. A recent field day at the Department of Primary Industries and Regional Development’s Frank Wise Horticulture Research Institute showca
Hemp tea market increasing demand with leading player Image Cannabis NewsJune 21, 2023 The global hemp tea market revenue was around US$ 56,7 million in 2021 and is estimated to reach US$ 393,9 million by 2031, growing at a compound annual growth rate (CAGR) of 22,1% during the forecast period from 2022 to 2031. Hemp tea is a particular variety of
Cornbread Hemp lands 70-store deal with Fresh Thyme Image Cannabis NewsJune 21, 2023 A Louisville-based CBD company has expanded its retail footprint in a big way. Cornbread Hemp recently inked a deal with Fresh Thyme Market, a natural health food retailer headquartered in Downers Grove, Illinois, making its products available in 70 locations throu
Hydrogen utopia takes option over Medical Cannabis grower Image Cannabis NewsJune 21, 2023 The investment will generate cash flow for its core business, said a statement. Hydrogen Utopia International PLC (HUI) has taken out an option over a 49% stake in Carbon Capture and Sequestration (CCS), which has just agreed to acquire 95% of a medical canna
Nevada introduces new Cannabis regulations Image Cannabis NewsJune 21, 2023 Senate Bill 277 has been approved by Nevada Governor Joe Lombardo that makes a number of reforms to the state’s cannabis laws. A major task included in the Bill is for the Cannabis Advisory Commission to conduct a review of the potential implications for the cannabis indust
Medical Cannabis patients who feel 'high' report greater symptom relief but increased negative side effects Image Cannabis NewsJune 20, 2023 In a recent study published in the journal Frontiers in Pharmacology, researchers from The University of New Mexico, in collaboration with Releaf App™, explored the impact of feeling "high" on medical cannabis
NY losing millions in taxes from lackluster legal Marijuana sales Image Cannabis NewsJune 20, 2023 New York isn’t high on the list of states making money when it comes to harvesting revenues from legal weed sales. The Empire State is not even on track to make a predicted $56 million in its first year of legal weed sales – and that’s just a fraction
NBA to allow players to consume and invest in Cannabis Image Cannabis NewsJune 20, 2023 Despite the multi-billion dollar enterprises that the four large professional sports leagues in America have become, many of those organizations have long held prohibitionist views when it comes to recreational and even medical cannabis usage. Beyond solely just
Man jailed after Cannabis factory in his flat leaked into café below Image Cannabis NewsJune 20, 2023 A MAN has been jailed for nine months after a cannabis factory in his flat leaked into the café below causing £600 damage. Lukasz Wudzinski was pinned down and arrested at his home after the landlady called the police when she discovered the locks
Alabama makes shocking decision to halt Cannabis license process Image Cannabis NewsJune 20, 2023 Just four days after announcing plans to issue 21 licences to cannabis businesses across the state, Alabama has made a shock U-turn. The Alabama Medical Cannabis Commission AMCC has now voted to halt the progress of all proceedings relating to the medi
